Companies·Coal
SouthGobi Resources
Foreign-owned
Runs the Ovoot Tolgoi coal mine, 40 km from the Chinese border; listed in Hong Kong and Canada. Its two largest shareholders are Chinese coal companies.
Owners
- Two Chinese coal mining companies (largest shareholders)share not published
- Sector
- Coal
- Mines and assets
- Ovoot Tolgoi, Umnugovi
- Products
- Coal
- Stock exchange
- Hong Kong 1878; TSX Venture (Canada), SGQ
Rankings
#17
TOP-100 enterprises, 2025
Key facts
| Measure | Value | Year |
|---|---|---|
| Revenue | US$598.8 million (2024: 493.4 million)SouthGobi Resources — Q4 and full year 2025 results ↗ | 2025 |
| Operating result | US$133.2 million loss (2024: 153.9 million profit)SouthGobi Resources — Q4 and full year 2025 results ↗ | 2025 |
| Coal sold | 11.2 million tonnes, at US$53.5 a tonne on averageSouthGobi Resources — Q4 and full year 2025 results ↗ | 2025 |
How its money reaches citizens
Through taxes, royalties and jobs. Its profits go to foreign shareholders.